THE CONDO BOOK PROJECT

Forever Mansion Condominium

149-17 Sanford Avenue, Queens, NY 11355

Overview

Units
6 residential · 6 parking · 1 commercial
Subway
18 min walk to Flushing-Main St 7
Principals
Choi Yui Chan
Offering price
$5.71 million total $5.33 million when first offered

The sponsor of record is 149-17 Realty Inc., represented by Dai & Associates, P.C.. The offering plan runs 268 pages. The sponsor has filed 4 amendments, the latest in April 2022. The nearest other condo plan on file is Yucheng Condominium, next door.

Plan CD170028 · New · accepted Jul 17, 2017 · AG record ↗

Compare

FigureThis building1U-Build Garden26 units · 0 miaccepted 2018Grand Central Condominiums312 units · 3.1 miaccepted 2018
Average Offering PricePer Apartment$887,833Highest$711,667$482,917

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Unit mix, closings, budgets, finishes and the team, against U-Build Garden and Grand Central Condominiums, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in the plan6 of 6
Closingsfirst and latest recordedApr 16, 2018 – Feb 6, 2025

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 8 closings
HomeRecordedClosing priceSchedule ADifference
2AApr 16, 2018$288,990——
2BApr 16, 2018$253,500——
3COct 26, 2021$473,538——
3AJul 29, 2022$472,524——
1ANov 2, 2022$968,435——
4AFeb 10, 2023$481,650——
2CJun 29, 2023$456,300——
3BFeb 6, 2025$534,072——

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
149-17 Realty Inc.
Principals
Choi Yui Chan
Construction lender
Cathay BankLender on the mortgage and building loan agreement recorded October 2017 in ACRIS; $4.7 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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